Shareholders

Frequently asked questions

Why has a.s.r. been listed on the stock exchange?It has always been clear that the nationalisation of a.s.r. was a temporary measure and that the company would be privatised again in time.

What will customers notice of the IPO?The IPO is not a change of strategy but of ownership. All customers can count on a continuation of the strategy of a.s.r. and nothing will change for customers in the daily business.

For how long will the Dutch state remain a shareholder? Will the holding be diminished over time?The sale of a.s.r will take place in phases. NLFI, as selling shareholder on behalf of the Dutch state, will fully exit from a.s.r. over a period of several years.

When will the next tranche of shares be sold?That is not known yet. It has been agreed however that NLFI, as selling shareholder on behalf of the Dutch state, is bound to a lock-up period of 180 days and therefore has to wait for at least 180 days before offering the next tranche of shares on the stock exchange. a.s.r. may also not issue any new shares during this period. Eventually, NLFI will fully exit from a.s.r. over a period of several years.

What are the expected total proceeds of the IPO of a.s.r. and what will happen with the money that is raised?The proceeds from the sale of all shares in a.s.r. will depend on the size and price of the different offerings. We will only know the proceeds once NLFI, as selling shareholder on behalf of the Dutch state, has fully exited from a.s.r. over a period of several years. The proceeds of the sale will be distributed fully to the Dutch State.

Has an anti-takeover mechanism been put into place to protect a.s.r. from a hostile takeover?In order to create a defence measure against a hostile takeover, the Stichting Continuïteit ASR Nederland has been established. This foundation may prevent, discourage or delay a change of control by acquiring and holding preferred shares. For as long as NLFI holds more than one-third of the shares in a.s.r., the foundation requires the prior consent of NLFI to do so.